Argentina's Low Foreign Reserves Hit Peso

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

By Ken Parks BUENOS AIRES--Argentina's international reserves are starting to dwindle in the wake of the country's second sovereign-debt default in almost 13 years, putting added stress on the peso and an economy believed to be in recession. The default ...

CURRENCIES: Dollar Lower Against Yen As Investors Lock In Profits

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

By Hiroyuki Kachi The dollar was lower in Asia on Thursday, after early stock market weakness prompted investors to sell the greenback to lock in profits. Subsequent trading was largely directionless, though, ahead of U.S. economic data out later in ...

Dollar Lower Against Yen as Investors Lock In Profits

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

By Hiroyuki Kachi The dollar was lower in Asia on Thursday, after early stock market weakness prompted investors to sell the greenback to lock in profits. Subsequent trading was largely directionless, though, ahead of U.S. economic data out later in ...

CBO Offers Mixed Forecast of U.S. Budget, Economy

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

WASHINGTON--The U.S. government's deficit over the next decade will be smaller than previously forecast, as a protracted period of low interest rates has slowed the increase of debt payments, the Congressional Budget Office said on Wednesday. The difference between revenue ...

Skylark To List on Tokyo Stock Exchange

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

TOKYO--Japan's restaurant-chain operator Skylark Co. received approval Thursday to list on the Tokyo Stock exchange on Oct. 9 in an initial public offering valued at around Y113 billion ($1.1 billion). The initial public offering will take place as the Tokyo ...

CURRENCIES: Dollar Lower Against Yen As Investors Lock In Profits

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

By Hiroyuki Kachi The dollar was lower in Asia on Thursday, after early stock market weakness prompted investors to sell the greenback to lock in profits. Subsequent trading was largely directionless, though, ahead of U.S. economic data out later in ...

German Unemployment Stays Low

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

By Emese Bartha The number of Germans without jobs increased slightly in August while the unemployment rate stayed near record lows, the country's labor agency said Thursday, suggesting the labor market in Europe's largest economy remains healthy despite a recent ...

Oil Futures Slightly Lower in Subdued Trading

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

By Eric Yep Crude-oil futures fell slightly in Asia Thursday as trading remained subdued in a well-supplied market. On the New York Mercantile Exchange, light, sweet crude futures for delivery in October traded at $93.57 a barrel at 0523 GMT, ...

GIC Buys in to Music-Streaming Company KKBOX

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

SINGAPORE--Singapore's sovereign wealth fund GIC Pte. Ltd. has spent US$104 million for an undisclosed stake in music-streaming service KKBOX. Taiwan-based KKBOX streams music to Japan, Hong Kong, Thailand, Taiwan and other countries in Asia. It claims 10 million users. It ...

Argentina's Low Foreign Reserves Hit Peso

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

BUENOS AIRES--Argentina's international reserves are starting to dwindle in the wake of the country's second sovereign-debt default in almost 13 years, putting added stress on the peso and an economy believed to be in recession. The default has hurt a ...

Australian Capital Spending Stronger Than Expected

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

By James Glynn SYDNEY--Investment by Australian firms increased in the second quarter from the first as the mining sector proved more resilient than expected. Government data showed companies increased investment in the quarter by 1.1%, compared with an expected fall ...

Retail trade increased in July

TODAY: Aug. 28, 2014 PUB DATE: Aug. 28, 2014

Press release from Statistics Sweden and HUI Research 2014-08-28 9:30 AM Nr 2014:459 Turnover in Retail Trade, July 2014: Retail trade increased in July The retail trade sales volume increased by 2.3 percent in July compared to the same month ...

German Consumer Confidence Expected to Decline in September

TODAY: Aug. 28, 2014 PUB DATE: Aug. 27, 2014

By Todd Buell FRANKFURT--German consumer confidence is expected to decline in September as international upheaval weighs on sentiment, a survey showed Wednesday, casting doubt on hopes that domestic consumption will offset export weakness in Europe's largest economy. The monthly GfK ...

Seadrill Sees Challenging Rig Market Through 2015

TODAY: Aug. 28, 2014 PUB DATE: Aug. 27, 2014

By Kjetil Malkenes Hovland Seadrill Ltd. (SDRL) expects the oil-rig market to remain challenging through 2015, but it sees big potential in Russia, the Oslo-listed oil services company said Wednesday, as it reported a fall in second-quarter net profit. "2014 ...

U.S. Treasurys Get Lift from Euro-Zone Bond Rally

TODAY: Aug. 28, 2014 PUB DATE: Aug. 27, 2014

By Cynthia Lin U.S. Treasurys shadowed euro-zone government bonds higher Wednesday as global investors anticipate more easing measures from the European Central Bank. In early New York trading, benchmark U.S. 10-year notes gained 8/32 in price to yield 2.364%, according ...

New Zealand's July Food Price Index Falls as Meat Prices Drop

TODAY: Aug. 28, 2014 PUB DATE: Aug. 27, 2014

By Lucy Craymer WELLINGTON, New Zealand--New Zealand's food price index fell 0.7% on the month in July and was 0.1% lower on the year, Statistics New Zealand said Wednesday. "There were lower prices for meat in July as well as ...

U.S. Mortgage Application Volume Up

TODAY: Aug. 28, 2014 PUB DATE: Aug. 27, 2014

The average number of mortgage applications for the week ended Friday rose 2.8% from the week earlier, according to the Mortgage Bankers Association weekly survey. The purchase index rose 1% unadjusted from the previous week and was 11% lower than ...

French PM Pressures ECB to go Further and Faster

TODAY: Aug. 28, 2014 PUB DATE: Aug. 27, 2014

By William Horobin PARIS--French Prime Minister Manuel Valls Wednesday kept up the pressure on the European Central Bank to do more to fight low inflation and bring down the value of the euro. In a speech to French business leaders, ...